[2] Visitors have the opportunity to taste the Tasmanian cuisine and beverages while enjoying live music and entertainment provided by a diverse selection of interstate performers.

[1] Beyond offering a platform for displaying local products, Taste of Summer generates socio-economic benefits such as job creation and amplifies the region's food and wine industry.

"[5] In 1996, the 200-metre (660 ft)-long shed Princes Wharf Nº1 gathered together around 100 local producers and sustainable measurements, such as the use of biodegradable plates, took place that year.

Quails, scallops, strawberries, and flavoured-infused ice cream were part of the selected fresh produce that visitors had the opportunity to try while enjoying the multiple street entertainment.

As one of the State's community art projects, these were a crucial part of the festival's identity and a way to display Tasmania's talented youth, as the participants were from different schools.

"[11] At that time, the Taste of Tasmania had reached a crucial point and is pursuing collaboration among government and private parties to secure funding and sustain the event.

In 2021 the City Council voted "to divest itself of ownership and exclusive rights to the Taste of Tasmania, [...] due to rising costs of running the event.

From that year, the Pinpoint Group, a private consortium of Tasmanian businesspeople, "planned and delivered"[7] the festival by featuring changes to its branding and identity, keeping the core value of Tasmania produce only.

[3] The source considers that by having a strong main theme and a high profile, the festival is popular and relevant to locals who support this event with their community energy.

[18] Due to public interest, the race increased to an international level, and competitors, including Éric Tabarly and British Prime Minister Edward Heath, have been part of the event.

In 1999, performers from Scotland, England and multiple locations in Australia were part of the program and their shows included "juggling, unicycling, escapology, classic clowning.

Ciders, wine, non-alcoholic beverages, vegetables, fruit, and seafood are also part of the products from around Tasmania and "more than 30 per cent of the stalls"[21] are from regional areas.